Disagreements about whether the U.S. government should regulate international trade

A) date back to the beginning of the country.
B) began during the Great Depression.
C) did not occur until the end of the Mexican War in 1848.
D) began after World War I when government officials no longer believed in isolationism.

A

Economics

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When federal government spending exceeds tax revenues, the federal government runs a budget surplus

Indicate whether the statement is true or false

Economics

Firms in monopolistic competition always will

A) make an economic profit. B) set their price equal to their marginal cost. C) set their price above their marginal cost. D) produce at the minimum average total cost.

Economics